Can Farrell's allocative efficiency be generalized by the directional distance function approach?

DOI10.1016/J.EJOR.2016.08.007MaRDI QIDQ1752810zbMATH OpenOpenAlexFDO

Authors Jesus T. Pastor, Jose L. Zofio, Juan Aparicio

Publication date 24 May 2018

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/11000/4935

zbMATH Keywords

allocative efficiencydirectional distance functionstechnical efficiency

Mathematics Subject Classification ID

Production models (90B30) Management decision making, including multiple objectives (90B50) Production theory, theory of the firm (91B38)

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Cites work

• An overall measure of technical inefficiency at the firm and at the industry level: the `lost profit on outlay'
• Benefit and distance functions
• Decomposing profit efficiency using a slack-based directional distance function
• Decomposing profit inefficiency in DEA through the weighted additive model
• EXACT RELATIONS BETWEEN FOUR DEFINITIONS OF PRODUCTIVITY INDICES AND INDICATORS
• Exact relations between Luenberger productivity indicators and Malmquist productivity indexes
• How to properly decompose economic efficiency using technical and allocative criteria with non-homothetic DEA technologies
• scientific article; zbMATH DE number 3083088 (Why is no real title available?)
• Hyperbolic efficiency and return to the dollar
• Metric distance function and profit: Some duality results
• Minimum distance to the complement of a convex set: Duality result
• New optimality principles for economic efficiency and equilibrium
• On the duality between the profit and the indirect distance functions in production theory
• Profit efficiency, Farrell decompositions and the Mahler inequality
• Profit, directional distance functions, and Nerlovian efficiency
• The Coefficient of Resource Utilization
• The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity

Cited in

(8)

• Endogenous dynamic inefficiency and optimal resource allocation: an application to the European dietetic food industry
• Generalised commensurability properties of efficiency measures: implications for productivity indicators
• Direction selection in stochastic directional distance functions
• Measuring productivity change accounting for adjustment costs: evidence from the food industry in the European Union
• Decomposing economic efficiency into technical and allocative components: an essential property
• Resolving a strange case of efficiency
• A unifying framework for Farrell profit efficiency measurement
• The reverse directional distance function

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